FORM CPO-PQR

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Overview

ommodity Pool Operator (CPO) and Commodity Trading Advisor (CTA) are challenged by the depth and the complexity of the reporting data requirements to comply with the rules mandated by Dodd-Frank Wall Street Reform and the Consumer Protection Act. The Commodity Futures Trading Commission has adopted a new data collection and risk reporting rule that requires each commodity pool operator and commodity trading advisor that are registered or required to register with the CFTC to file Forms CPO-PQR and CTA-PR, respectively.

The Release also rescinded CFTC Rule 4.13(a)(4), which provides an exemption from CPO registration to certain CPOs, including the managers of many hedge funds. As a result, such hedge fund managers may also become subject to the Form CPO-PQR and/or CTA-PR filing requirements.

The new regulatory initiatives, whether it’s Form PF, CPO-PQR, Form SEC 13F or AIFMD, require investors and asset managers to meet new requirements for transparency, dynamic data, ad-hoc reporting capabilities for both print and on-line reporting.

Form CPO-PQR: Staying ahead of regulatory reforms

This new burdensome filing requirement compels registered advisers to provide portfolio, performance and risk information about their funds. It is not surprising that fund managers are struggling to successfully scope, source, and aggregate and report the fund data to meet CPO-PQR requirements and to monitor systemic risk.

AxiomSL, global leader in regulatory reporting solutions and risk management for over 20 years, proposes a data-driven platform, which meets all filing requirements for Private Funds, Large Hedge Funds and Large Private Equity & Liquidity Funds in addressing all the steps of CPO-PQR from: scoping & sourcing client existing data structures, to aggregations, calculations, and validation rules to filing the schedules. This flexible and scalable solution with minimum in-house IT infrastructure addresses complex funds and extensive disclosures for investment advisers.

Robust data management and full interoperability with client infrastructure

AxiomSL CPO-PQR flexible technology provides a centralized platform to consistently identify, capture, and integrate information from various administrators and internal sources to prepare the CPO-PQR regulatory filing while enforcing controls to manage compliance risk. It provides analytical applications in the areas of data integration and warehousing, financial risk management, regulatory reporting, compliance, and financial control. It also provides a foundation that can rapidly be expanded to address future regulatory reporting requirements such as Form PF, Form SEC 13F or AIFMD.

AxiomSL’s platform delivers data sourcing and portfolio capabilities which enable fund managers to organize the required information, reducing costly manual work and accelerating the report review, approval, and submission of controlled, high-integrity CPO-PQR data to regulators. AxiomSL is working with the NFA to build an XML transmission vehicle for the electronic submission of CPO-PQR easy file.

AxiomSL’s CPO-PQR solution provides full transparency with drill down from report to original data sources and interfaces with a host of data management systems. Our dynamic dashboard delivers a complete overview including status alerts for any unfinished sections that needs to be completed prior to filing and a multi-level sign off controls to enable management review of completed report. It is successfully deployed in a cloud-based or/and on-site environment.

Key Features

Dynamic dashboard which includes:

data sourcing, issues resolution and electronic submission;

status alerts for any unfinished sections that need to be completed prior to filing;